Question: A graph shows a falling curve in which the x axis is labeled all other goods and the y axis is labeled railroads. Refer to
A graph shows a falling curve in which the x axis is labeled all other goods and the y axis is labeled railroads. Refer to the figure. Suppose that point B represents the optimal mix of output for a society. If market forces cause society to produce and consume at point C, then Multiple Choice there is a government failure. the forces of supply and demand will return society to point B
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